The Impact of Globalisation on the Labour Market: The Case.
The Impact of Globalisation on the Labour Market: The Case of Namibia 2 Table 1: Globalisation measured by exports as a share of Output (per cent) Year World exports of Goods and services as a % of GDP World exports of merchandise as a % of GDP 1820 1.0 - 1850 2.1 - 1870 - 5.0 1880 9.8 - 1913 11.9 8.7 1929 - 9.0 1950 7.1 7.0.
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Rama (2003) stated that one of the matter that globalization can affect the developing country is the labor market. “Increased import penetration, export sales, competition in services, foreign direct investment and exchange rate fluctuations prompted by international capital movements could all, in principle, have an impact on employment and labor earnings” (Rama, 2003, p. 5).